M&A Deal Summary

Red Cat Holdings Acquires Skypersonic

On February 16, 2021, Red Cat Holdings acquired technology hardware company Skypersonic

Acquisition Highlights
  • This is Red Cat Holdings’ 2nd transaction in the Technology Hardware sector.
  • This is Red Cat Holdings’ 2nd transaction in the United States.
  • This is Red Cat Holdings’ 1st transaction in Michigan.

M&A Deal Summary
Date 2021-02-16
Target Skypersonic
Sector Technology Hardware
Buyer(s) Red Cat Holdings
Deal Type Add-on Acquisition

Target

Skypersonic

Troy, Michigan, United States
Skypersonic is a provider of drone products and software solutions designed to "Fly Anywhere" and "Inspect the Impossible". Its patented software and hardware solutions allow for inspection services in restricted spaces where GPS is not allowed or available. Skycopter is a miniature drone fitted into a cage to avoid damage to inspected areas and the drone. Skyloc is a stand-alone, real-time, software system that enables the drone to record and transmit inspection data while being operated from thousands of miles away. Skypersonic was founded in 2013 and is based in Troy, Michigan.

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Buyer(S) 1

Buyer

Red Cat Holdings

San Juan, Puerto Rico
Category Company
Sector Software
Employees70
Revenue 10M USD (2023)
DESCRIPTION

Red Cat Holdings is a provider of secure blockchain-based distributed storage, analytics, and SaaS for the drone industry. Red Cat Holdings is based in San Juan, Puerto Rico.

DEAL STATS #
Overall 2 of 5
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 2 of 5
State (Michigan) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Rotor Riot

Orlando, Florida, United States

Rotor Riot LLC is a technology and media company in the drone space. Rotor Riot LLC is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 LuGus Studios

Hasselt, Belgium

LuGus Studios is a developer of Liftoff, a flight simulation platform for drone pilot training. Liftoff enables student pilots to test and learn how to fly drones in a simulated environment without the cost and risk of flying a real drone. LuGus Studios creates clever and attractive serious games that broaden the medium's horizon. Since 2015 LuGus Studios has been developing Liftoff: FPV Drone Racing, a market-leading drone simulator that has also seen a console release. The Liftoff brand is currently being expanded into a series of dedicated drone simulations for both entertainment and industry applications. LuGus Studios was founded in 2011 and is based in Hasselt, Belgium.

Buy -
Mergr

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